×

‘Coming to America’ Sequel, ‘Scarface,’ ‘Ford v. Ferrari’ to Receive California Production Tax Credit

The California Film Commission has selected two relatively big-budget films — “Ford v. Ferrari” and “Coming 2 America” — as recipients of the state’s production tax credit.

The credit, which covers up to 25% of a film’s budget, was announced on Monday. The program was expanded in 2015 to include movies with total budgets exceeding $75 million, including “A Wrinkle in Time,” “Bumblebee,” “Call of the Wild,” and Quentin Tarantino’s “Once Upon a Time in Hollywood.”

Fox’s action-drama “Ford v. Ferrari” from James Mangold is on track to spend more than $78 million in California on qualified expenditures (defined as wages to below-the-line workers and payments for equipment/vendors). A total of 67 shooting days are planned in-state, with well over half in regions outside the Los Angeles 30-mile zone, including Kern, Orange, Santa Rosa, and San Bernardino counties. California will double for locales such as Florida, Michigan, England, and France.

Paramount’s sequel “Coming 2 America,” starring Eddie Murphy, is on track to spend $64.6 million in-state on qualified expenditures.

“California’s expanded tax credit program was successful from day one in attracting TV projects and mid-range features, and it’s succeeding over the long term with big-budget film projects like those announced today,” said California Film Commission executive director Amy Lemisch. “While our tax credit is more modest than what’s offered by some competitors, filmmakers understand that California can still provide the best value thanks to our superior talent, infrastructure, weather, and locations.”

Seven other feature films — five from studios and two independents — were approved conditionally for the current $55.5 million round of tax credits. They include an untitled Jordan Peele film that will shoot extensively outside the 30-mile zone in Santa Cruz, the new “Scarface” remake, and “Deadwood” (based on the HBO series). A total of 39 pics applied for tax credits during the application period in March. Peele’s movie will receive $5.2 million in tax credits and the “Deadwood” film has been allocated $4.2 million.

The 2015-16 fiscal year marked a major expansion for the seven-year-old tax credit program, aimed at halting the erosion of California-based production to states with bigger incentives, such as Georgia and New York. The annual allocation rose from $100 million to $330 million, and applications are ranked on how many jobs they will produce, rather than being selected by lottery.

The commission said Monday that the nine conditionally-approved projects are on track to employ nearly 500 cast, 1,600 crew, and 30,000 extras. They will generate an estimated $288.6 million in overall qualified spending across the state.

“The opportunity to produce projects here in California not only creates jobs and economic activity in-state, but it allows us to use the incredible resources we have in our own backyard,” said Jeff LaPlante, president of physical production for Universal Pictures, the studio behind the untitled Peele film.

California Tax Credits

Popular on Variety

More Film

  • Australia Makes Progress on Gender Equality

    Australia Makes Progress on Gender Equality in Film and TV

    Screen Australia, Australia’s federal film and TV funding body, has made sufficient progress in furthering gender equality that it has set more ambitious targets. The organization has exceeded its long-term Gender Matters key performance indicator, with 56% of projects receiving production funding having at least half of the key creative roles occupied by women, based [...]

  • Pawel Pawlikowski, during the ceremony award

    Pawel Pawlikowski on the Power of Making Movies With ‘Barbarians at the Gate’

    Academy Award winner Pawel Pawlikowski says he’s watching “with horror” as political developments increasingly divide countries across the globe, and admits that he’s reluctant to take a stab at documenting modern life after the success of his two critically acclaimed period dramas, foreign-language Oscar winner “Ida” and thrice-nominated “Cold War.” “I don’t have a hook [...]

  • Jessica Chastain Lupita Nyongo

    Jessica Chastain, Lupita Nyong'o Spy Thriller '355' Gets 2021 Release Date

    Universal Pictures has dated its spy thriller “355,” starring Jessica Chastain, Lupita Nyong’o, Diane Kruger and Fan Bingbing, for a Jan. 15, 2021, release. Simon Kinberg is set to direct from a script he co-wrote with Theresa Rebeck. The movie follows a group of spies from international agencies around the world. These women must bond [...]

  • Florenc Papas on Road Movies, Ancient

    ‘Open Door’ Helmer on Road Movies, Ancient Traditions, Social Pretensions

    Albanian director Florenc Papas, an alumnus of the Sarajevo Talents program, is in competition at the Sarajevo Film Festival with his feature film debut, “Open Door.” The road movie follows two sisters, Rudina and the pregnant and unmarried Elma, who embarks on a journey to visit their strict and traditional father in the remote mountain [...]

  • Dronningen/Queen of HeartsDirected by MAY EL-TOUKHYNordisk

    'Queen of Hearts,' 'White, White Day' Among Nordic Council Film Prize Contenders

    HAUGESUND, Norway  —  Iceland’s “A White, White Day,” Denmark’s “Queen of Hearts” and Norway’s “Blind Spot” are among the five films that will compete for this year’s Nordic Council Film Prize, a prestigious film award aimed at promoting Nordic co-operation and environmental initiatives. Sweden’s “Reconstructing Utøya” and Finland’s “Aurora” help round out the list, which [...]

  • Actor Javier Bardem looking at chinstrap

    Javier Bardem on Toronto-Bound ‘Sanctuary,’ See Trailer (EXCLUSIVE)

    MADRID  — Just selected as a Special Event at September’s Toronto Film Festival, Alvaro Longoria’s “Sanctuary.” starring and produced by Javier Bardem, may need a new ending. On Aug. 19, Bardem, along with Greenpeace, addressed delegates at the United Nations in New York to urge governments to agree to a strong Global Ocean Treaty. Creating [...]

More From Our Brands

Access exclusive content